In spite of rallying to a fortnight high during last-week, the EURGBP couldn’t surpass short-term descending resistance-line, which in-turn highlights the importance of 0.8880 support, comprising 100-day SMA. Should present pullback stretches below 0.8880, the 50-day & 200-day SMA confluence, near 0.8835-30, seems crucial for sellers as break of which can drag the quote to … Read moreChart Of The Day: Short-Term Descending Resistance-Line Challenges EURGBP Buyers

USDJPY - Down Wave Analysis After hitting the resistance level 114.15, the US Dollar pulled back to the lower side but is currently approaching a daily support set at 112.78. As long as this level holds the price to the upper side, we're waiting for a possible rebound to pick a long term long position […]